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Newspaper
Port Lavaca Wave
Location
Port Lavaca, Texas, United States of America
Date
Jul 23, 1975
Page
4
The U S Department of Transportation reports 4142 traffic deaths in June, down 1.4 percent from 4201 in June last year, the first June comparison to 1974 levels. Officials note Secretary Coleman urged stricter enforcement of the 55 mph limit to curb fatalities.
Frank Morris' General Automotive Parts Corp. benefits as consumers repair older cars rather than buy new ones. 1974 sales rose by $10 million to exceed $100 million, with stock at $12.81 a share, up $1.50 from 1973. Morris and Donald Test Jr. say tougher Texas inspections spur replacements and the industry remains low mood resistant as long as people drive.
Senator Vance Hartke proposes legislation to tap up to 5 billion dollars from the National Service Life Insurance Fund to buy as many as 178 000 veterans mortgages. If private lenders cannot supply loans, the VA would purchase them, expanding housing options amid a tight market. First quarter VA loan commitments fell 21 percent from the prior quarter.
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